Big data analysis of IoT-based supply chain management considering FMCG industries

Abstract

Supply chain is one of the main pillars of manufacturing and industrial companies whose smartness can help business to be intelligent. To this end, the use of innovative technologies to make it smart is always a concern. The smart supply chain utilizes innovative tools to enhance quality, improve performance and facilitate the decision-making process. Internet of things (IoT) is one of the key components of the IT infrastructure for the development of smart supply chains that have high potential for creating sustainability in systems. Furthermore, IoT is one of the most important sources of big data generation. Big data and strategies for data analysis as a deep and powerful solution for optimizing decisions and increasing productivity are growing rapidly. For this reason, this paper attempts to examine informative supply chain development strategies by investigating the supply chain in FMCG industries as a special case and to provide a complete analytical framework for building a sustainable smart supply chain using IoT-based big data analytics. The proposed framework is based on the IoT implementation methodology, with emphasis on the use of input big data and expert reviews. Given the nature of the FMCG industry, this can lead to better production decisions.